Soybeans were sharply lower on profit taking and technical selling, but still managed to end the week narrowly mixed. Export sales were a marketing year low, China was the big buyer, but it was a routine amount, and unknown destinations canceled on more than China bought. Phase one of the trade deal between the U.S. and China is still expected to be signed January 15th and while the reporting week was the week of Christmas, the report didn’t reflect the expected increase in demand from Beijing.
Continue reading Soybeans, corn down on exports, South America at Brownfield Ag News.
